TELUS International (Cda) Inc. (NYSE:TIXT) Receives $5.38 Consensus Target Price from Brokerages

TELUS International (Cda) Inc. (NYSE:TIXT - Get Free Report) has been given an average rating of "Hold" by the seventeen brokerages that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $5.21.

Several equities analysts have recently commented on the company. Stifel Nicolaus assumed coverage on TELUS International (Cda) in a research note on Thursday, January 16th. They set a "buy" rating and a $5.00 price target on the stock. National Bankshares reduced their price target on shares of TELUS International (Cda) from $4.25 to $3.00 and set a "sector perform" rating for the company in a report on Friday, April 25th. TD Securities upped their price target on shares of TELUS International (Cda) from $3.75 to $4.00 and gave the stock a "hold" rating in a research report on Friday, February 14th. Barclays cut their price objective on shares of TELUS International (Cda) from $5.00 to $3.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Finally, Scotiabank lowered their target price on TELUS International (Cda) from $5.00 to $3.00 and set a "sector perform" rating for the company in a report on Tuesday.

Institutional Trading of TELUS International (Cda)

Hedge funds have recently added to or reduced their stakes in the company. Barclays PLC increased its position in shares of TELUS International (Cda) by 118.8% in the third quarter. Barclays PLC now owns 30,629 shares of the company's stock valued at $120,000 after buying an additional 16,629 shares in the last quarter. Virtu Financial LLC acquired a new position in TELUS International (Cda) during the third quarter worth $54,000. DGS Capital Management LLC grew its position in shares of TELUS International (Cda) by 16.4% in the third quarter. DGS Capital Management LLC now owns 36,742 shares of the company's stock valued at $144,000 after purchasing an additional 5,164 shares during the period. JPMorgan Chase & Co. purchased a new stake in shares of TELUS International (Cda) during the third quarter worth about $24,223,000. Finally, PFW Advisors LLC purchased a new position in TELUS International (Cda) in the 4th quarter valued at about $67,000. 59.55% of the stock is owned by hedge funds and other institutional investors.

TELUS International (Cda) Trading Up 1.4 %

TELUS International (Cda) stock traded up $0.04 during trading hours on Friday, hitting $2.48. The company had a trading volume of 46,177 shares, compared to its average volume of 399,667. The firm has a market cap of $682.23 million, a P/E ratio of -7.13, a P/E/G ratio of 4.71 and a beta of 0.71. The company has a 50-day moving average price of $2.64 and a two-hundred day moving average price of $3.38. TELUS International has a 1 year low of $2.13 and a 1 year high of $8.47. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.95 and a current ratio of 0.95.

TELUS International (Cda) (NYSE:TIXT - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.03). The firm had revenue of $691.00 million during the quarter, compared to analysts' expectations of $672.44 million. TELUS International (Cda) had a negative net margin of 2.30% and a positive return on equity of 5.73%. On average, sell-side analysts anticipate that TELUS International will post 0.32 earnings per share for the current year.

TELUS International (Cda) Company Profile

TELUS International (Cda) Inc design, builds, and delivers digital solutions for customer experience (CX) in the Asia-Pacific, the Central America, Europe, Africa, North America, and internationally. The company provides digital experience solutions, such as AI and bots, omnichannel CX, enterprise mobility solutions, cloud contact center, big data analytics, platform transformation, and UX/UI design; and customer experience solutions, including work anywhere/work from home, contact center outsourcing, technical support, sales growth and customer retention, healthcare/patient experience, and debt collection.